Wednesday, November 26, 2014

Extension in Retirement Age of Scientists

The Government has received any proposals to enhance the retirement age of scientists to 62 from the present age of 60 years. The issue is under consideration of a Committee.

This information was given today by Minister of Science and Technology and Earth Sciences Dr. Harsh Vardhan in a written reply to Lok Sabha question.

Source:pib
Continue Reading »

Tuesday, November 25, 2014

AADHAR Enabled Bio-metric Attendance System-DOPT ORDER

No: 11013/9/2014- Estt (A-III)
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel & Training

New Delhi, dated 21st November 2014.

OFFICE MEMORANDUM

Sub: Introduction of AADHAR Enabled Bio-metric Attendance System

It has been decided to use an AADHAR Enabled Bio-metric Attendance System (AEBAS) in all offices of the Central Government, including attached/ sub-ordinate Offices, in India. The system will be installed in the offices located in Delhi/ New Delhi by 31st December 2014. In other places this may be installed by 26th January 2015

2. The equipment will be procured by the Ministries/ Departments as per specifications of DeitY on DGS&D Rate Contract from authorized vendors. The expenditure will be met by the Ministries/ Departments concerned under their O.E. The manual system of attendance may be phased out accordingly.

3. The Department of Electronics and Information Technology (DeitY) will provide the technical guidance for installing the system. The equipment already procured by DeitY have a built in AMC of three years. The Ministries/ departments may ensure that the equipment being procured by them have similar provision.

4. Biometric attendance system is only an enabling platform. There is no change in the instructions relating to office hours, late attendance etc. which will continue to apply. As per extant instructions, (contained in DoPT O.M. No: 28034/8/75- Estt-A dated 04-07-1975; No:28034/10/75-Estt-A dated 27-08-1975; No: 28034/3/82 —Estt-A dated 05-03-1982) half—a-day’s Casual Leave should be debited for each day of late attendance, but late attendance upto an hour, on not more than two occasions in a month, and for justifiable reasons may be condoned by the competent authority. In addition to debiting Casual Leave (or Earned Leave, when no CL is available). Disciplinary action may also be taken against government servants who are habitually late. Early leaving is also to be treated in the same manner as late coming.

5. These orders come into force with immediate effect.

6. All Ministries/ Departments are requested to bring this to the notice of all concerned.

(J.A Vaidyanathan)
Director (Establishment)

Source:http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/11013-9-2014-Estt-A-3.pdf
Continue Reading »

LATEST LTC 80 FARE LIST-2014

Click the below link to view the LTC 80 FARES
http://www.airindia.in/Images/pdf/WebFares.pdf

Note:

a). Above Charges are applicable per coupon.
In case of ‘non-refundable, Basic Fare and Airline Fuel Charge will be forfeited.

b).LTC Tickets: Change/Refund Fee will be as applicable for highest Business or Economy Class fare

c).Armed Forces and related discounts : Change/ Refund Fee applicable for highest economy class fare. All categories of Armed Forces, Paramilitary Forces, General Reserve Engineering Forces, War Disables Officers, War Widows and Gallantry Award Tickets under RBD Y to H)

d)The refund rules applicable to Link Fares on all RBDs are as under:

(A) Originating point:
1. Tickets issued on fares under: RBDs U to K
a) Refund  – Permitted up to 1 hr before scheduled  departure  of the flight against  a Refund  Fee of – Rs. 1053 /- coupon.
b) Refund of No-show ticket: Non Refundable(Basic fare + Airline Fuel Charge)
2) Tickets  issued on fares under: RBDs S & T
(a) Refund – Permitted up to 1 hr before scheduled departure of the flight against a Refund Fee of - Rs.1579/- per coupon.
b) Refund of No-show ticket: Non Refundable(Basic fare + Airline Fuel Charge)

(B) Intermediate Point :
In case of completion of part itinerary,  a passenger  desirous  of claiming refund will be allowed to do so after deducting the applicable  fare on booked RBD, for the sector travelled  along with the applicable  Refund  Fee. Not permitted for RBDs S & T.

(C) In cases of Flight Disruptions:
(a) Alternate  arrangements are made by the Airline- No Refund
(b)Passenger is taken back to the point of origin by the first available  service- Full amount to be refunded.
(c)Own arrangement for the cancelled sector is made by the passenger(s): Refund of Basic fare of the cancelled sector in respective RBD (Airline Fuel Charge to be retained) along with unutilized non-airline taxes, if any.
e). No Re-validation or Cancellation Fee applicable on Infant Tickets.

5 Applicable Fares as on 3rd Nov ‘ 14

6 These fares are subject to Change without prior notice

Source: AIR INDIA

Continue Reading »

Delhi HC refuses to stay functioning of Seventh Pay Commission

New Delhi: The Delhi High Court on Tuesday declined to stay the functioning of the Seventh Pay Commission while hearing a plea that challenged a notification on inclusion of a former IAS officer as a member of the panel.

Justice Sudershan Kumar Misra also issued notice to the central government on the plea filed by retired members of the all India Services, central civil services and armed forces against the government's Feb 28 notification constituting the commission.

The petitioners argued that inclusion of a former Indian Administrative Service officer, Vivek Rae, in the four-member commission give rise to a "real likelihood of bias" on his part to give a favourable recommendation to the IAS.

The petition said: "The impugned resolution, by retaining the practice of including a member of the IAS as a member of the commission has given rise to a real likelihood of bias on the part of such member in favour of maintaining the status quo, under which the IAS enjoys a position of special privilege in respect of pay fixation."

Rae has a directed pecuniary interest in the recommendations of the commission, as it would also determine his pension and retirement benefits, alleged the plea.

The petitioners further questioned the practice of previous pay commissions providing an "edge" in pay scales to members of the IAS over other members of the AIS and other central civil services including India Forest Services (IFS), Indian Police Service (IPS), Indian Revenue Service (IRS), and all other group A central services.

Source:http://www.indiatvnews.com/news/india/delhi-hc-refuses-to-stay-functioning-of-seventh-pay-commission-36404.html

Continue Reading »

Teaching of Third Language in Kendriya Vidyalayas.

KENDRIYA VIDYALAYA SANGATHAN
18, Institutional Area, Shaheed Jeet Singh Marg
New Delhi 110 016

F.No.110332-07/2013/KVS(HQ)/Acad.

Dated the 18th November, 2014
To

The Deputy Commissioner
Kendriya Vidyalaya Sangathan
All Regions.

Subject: Teaching of Third Language in Kendriya Vidyalayas.

In pursuance Of the decisions taken in the 99th BOG meeting held on 27.10.2014 and in continuation of the Office Memorandum No.11029-10/2012/KVS(HQ)/Acad. Dated 11.11.2014, it has been felt necessary to issue clear instructions about how the Third Language would be taught to the students Of classes VI to VIII Who had been studying German language till now.

To facilitate the children to learn the Third Language, it has been decided on that this Third Language will be taught for such children with the syllabus of the first term of Class VI, even for those children in Class VII or VIII Who had taken German as the Third Language, so that the teaching learning starts for them right from the beginning and no stress is caused to them. To further facilitate these children, the grades obtained by the students for the earlier terms of learning German as a Third Language would be considered for finalizing the compilation of results for their totals in Third Language. Subsequent levels of teaching learning of this Third Language after the syllabus of first terms of Class VI, will also follow the same graded pattern so that there is minimum stress on children for which separate instructions will be issued. Formative Assessment (FA 3&4) is scheduled to start from week 3rd/4th of November, 2014. However, there will be no FA 3&4 for these students for the Third language. Their assessment and examination schedule for the Third language will be intimated subsequently.

Yours faithfully

Sd/-
(Dr. Shashi Kant)
Joint Commissioner (Trg.)

Source:http://www.kvsangathan.nic.in/GeneralDocuments/ann-18-11-14(8).pdf
Continue Reading »

Monday, November 24, 2014

National Council (Staff Side) JCM for Central Government employees demanded and submitted a memorandum on Interim Relief and Merger of DA to the 7th CPC

INTUC
INDIAN NATIONAL DEFENCE WORKERS FEDERATION

INDWF/Circular/012/2014
Date : 17.11.2014
To
All Office Bearers and Working Committee Members,
INDWF

Sub: Holding of National Convention of the National Council (JCM) Staff Side – reg.

Ref: National Council (JCM) Staff Side circular No.NC.JCM/2014/SC Dated 25.10.2014

Dear Colleagues,

National Council (Staff Side) JCM for Central Government employees demanded and submitted a memorandum on Interim Relief and Merger of DA to the 7th CPC and also to the Ministry of Fiance. A reply has been received by the Secretary (Staff Side) National Council (JCM) from Ministry of Finance which is indicative of a refusal of both the demands. The 7th CPC have so far not communicated to us the decision they have taken on the memorandum submitted by the Staff Side, National Council (JCM).

The NDA Government has adopted the same plea made by the UPA II Government to reject our demands.

From the steps so far taken by the BJP Government, it is unambiguous that they would be pursuing the neo-liberal economic policies with much more intensity than even the UPA Government. Having got a clear majority in the Parliament, they would be able to push through necessary legislations to pursue reforms. The outsourcing of Railway functions, privatisation/Corporatisation of Defence manufacturing units, increased FDI inflow in various core sectors of economy, dismantling of the administrative price mechanism, de-nationalisation efforts in the Banking, Insurance and coal sectors and above all the adherence to New Contributory Pension Scheme are some of the bold anti-workers steps taken by the New Government.

The National Council (Staff Side) when they met during October, 2014 at New Delhi it was unanimous opinion to pursue the issues through organizational methods. Accordingly, it was decided to hold a NATIONAL CONVENTION, eliciting the participation of the representatives of all Service organisations participating in the JCM to discuss the emerging situation and decide upon future course of action. Incidentally, we must mention that the JCM conceived as a negotiating forum has been made in-effective by the Government over the years by not convening its meetings periodically.

It was decided that the National Council Convention will be held at

Venue : MPCU Shah Auditorium, Sree Gujarati Samaj, Raj Niwas Road, Civil lines (Opposite Civil lines Metro Station), Delhi
Date : 11th December, 2014 from 12 noon to 1600 hrs.

150 Delegates from Defence Federations (INDWF and AIDEF) are permitted to participate.

Around 75 Delegates from INDWF have to participate and therefore all the Office Bearers and Working Committee members are invited to participate in the convention. Those who are participating are required to intimate to the undersigned so that the Delegate Passes/Badges on their names will be arranged to participate in the convention.

Treat this as an important matter which will decide the issues of 7th CPC (merger of DA and IR) as well as present trend of the New Government on the future of Central Government Employees particulars about Defence Civilian Employees.

Yours Sincerely,
sd/-
(R.SRINIVASAN)
General Secretary

Source: INDWF

Continue Reading »

Combined Defence Services Examination (I), 2014

     The following are the lists, in order of merit of  238 candidates who have qualified on the basis of the results of the Combined Defence Services Examination (I)-2014 conducted by the Union Public Service Commission in February, 2014 and SSB interviews held by the Services Selection Board of the Ministry of Defence for admission to the 138th  Course of Indian Military Academy, Dehradun;  Indian Naval Academy, Ezhimala  and Air Force Academy, Hyderabad (Pre-Flying) Training Course i.e. 197th  F(P) Course.

There are some common candidates in the three lists for various courses.

The number of vacancies, as intimated by the Government is 250 for Indian Military Academy [including 32 vacancies reserved for NCC ‘C’ Certificate (Army Wing) holders], 40 for Indian Naval Academy, Ezhimala -  [ Hydro/ Executive General Service] including 06 vacancies reserved  for NCC ‘C’ Certificate (Naval Wing) holders] and 32 for Air Force Academy, Hyderabad.
 
The Commission had recommended 5480, 2855 and 614 as qualified in the written test for admission to the Indian Military Academy/ Indian Naval Academy  and Air Force Academy respectively. The number of candidates finally qualified are those after SSB testing conducted by Army Head Quarters.

The results of Medical examination have not been taken into account in preparing these lists.

Verification of date of birth and educational qualifications of these candidates is still under process by the Army Headquarters.  The candidature of all these candidates is, therefore, Provisional on this score.  Candidates are requested to forward their certificates, in original,  in support of Date of Birth/Educational  qualification etc., certificates claimed by them, along with Photostat attested copies thereof to Army Headquarters/Naval Headquarters/Air Headquarters, as per their first choice.

In case, there is any change of address, the candidates are advised to promptly intimate directly to the Army Headquarters/Naval Headquarters/Air Headquarters.

These  results will also be available on the UPSC website at http.//www.upsc.gov.in   However, marks of the candidates will be available on the website after completion of its complete process  i.e. after  declaration of final result of Officers’ Training Academy (OTA) for Combined Defence Services Examination (I)-2014.

For any further information, the candidates may contact  Facilitation Counter near Gate ‘C’  of the Commission’s Office, either in the person or on Telephone Nos. 011-23385271/011-23381125/011-23098543 between 10:00 Hours & 17:00 Hrs. on any working days.    

Click here for full list

Source:pib
Continue Reading »

Friday, November 21, 2014

Central Civil Service (Classification, Control and Appeal) Rules, 1965 — Instruction regarding timely review of suspension.

F. No. 11012/17/2013-Estt.A-III
Government of India
Ministry of Personnel, Public Grievances & Pensions
Department of Personnel and Training
Establishment Division

North Block, New Delhi — 110001
Dated November 18th 2014

OFFICE MEMORANDUM

Subject: Central Civil Service (Classification, Control and Appeal) Rules, 1965 — Instruction regarding timely review of suspension.

Rule 10 of the Central Civil Services (Classification, Control and Appeal) Rules, 1965, deals with the provisions of suspension. As per the rule, a Government servant may be placed under suspension, in the following circumstances:

(a) where a disciplinary proceeding against him is contemplated or is pending; or
(b) where, in the opinion of the authority aforesaid, he has engaged himself in activities prejudicial to the interest of the security of the State; or
(c) where a case against him in respect of any criminal offence is under investigation, inquiry or trial:

2. A Disciplinary Authority may also consider it appropriate to place a Government servant under suspension in the following circumstances. These are only intended for guidance and should not be taken as mandatory:-

(i) Cases where continuance in office of the Government servant will prejudice the investigation, trial or any inquiry (e.g. apprehended tampering with witnesses or documents);
(ii) where the continuance in office of the Government servant is likely to seriously subvert discipline in the office in which the public servant is working;
(iii) where the continuance in office of the Government servant will be against the wider public interest [other than those covered by (i) and (ii)] such as there is public scandal and it is necessary to place the Government servant under suspension to demonstrate the policy of the Government to deal strictly with officers involved in such scandals, particularly corruption;
(iv) where allegations have been made against the Government servant and preliminary inquiry has revealed that a prima facie case is made out which would justify his prosecution or is being proceeded against in departmental proceedings, and where the proceedings are likely to end in his conviction and/or dismissal, removal or compulsory retirement from service.

3. In the first three circumstances the Disciplinary Authority may exercise his discretion to place a Government servant under suspension even when the case is under investigation and before a prima facie case has been established. Suspension may be desirable in the circumstances indicated below:-

(i) any offence or conduct involving moral turpitude;
(ii) corruption, embezzlement or misappropriation of Government money, possession of disproportionate assets, misuse of official powers for personal gain;

(iii) serious negligence and dereliction of duty resulting in considerable loss to Government
(iv) desertion of duty;
(v) refusal or deliberate failure to carry out written orders of superior officers In respect of the types of misdemeanor specified in sub-clauses (iii) and
(v) discretion has to be exercised with care.

3. Rules 10(6) and 10(7) of the CCS (CCA) Rules, 1965, deal with review of the suspension cases. The provision for review within ninety day is applicable to all types of suspensions. However, in cases of continued detention, the review becomes a mere formality with no consequences as a Government servant in such a situation has to continue to be under deemed suspension. A review of suspension is not necessary in such cases.

4. It has been brought to the notice of this Department that in cases of prolonged suspension period, the courts have pointed out that the suspension cannot be continued for long and that inspite of the instructions of DoP&T, the Disciplinary Authorities are not finalizing the disciplinary proceedings within the stipulated time. Also, in such cases the Government is unnecessarily paying subsistence allowance without extracting any work and if, on the culmination of the disciplinary proceedings, the charged officer is exonerated from the charges, the Government has to unnecessarily pay the full salary and treat the period of suspension as on duty etc.. It is, therefore, desirable that timely review of suspension is conducted in a just and proper manner and that the disciplinary proceedings are finalized expeditiously.

5. All Ministries/ Departments are requested to bring the existing instructions on timely review of suspension and expeditious completion of disciplinary proceedings to the notice all concerned under their control.

(J.A.Vaidyanathan)
Director(Establishment)

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/11012_17_2013-Estt.A-III-18112014.pdf
Continue Reading »

Grant of provisional pension to retired railway servants against whom departmental or judicial proceedings are in progress.

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)
No. 2014/F(E)III/1(1)/1
New Delhi, Dated:13.11.2014

The GMs/FA&CAOs,
All Indian Railways/Production Units.
(As per mailing list)

Subject: Grant of provisional pension to retired railway servants against whom departmental or judicial proceedings are in progress.

Rules on payment of provisional pension are contained in rule 10 of Railway Services (Pension) Rules,1993. The amount to be paid as provisional pension has been clarified vide Boards letter No.F(E)IlI 78 PN1/11 dated 17.5.78 which inter-alia states that in such cases, 100% pension which is otherwise admissible to the railway servant should be authorized as provisional pension, as in cases of normal retirement.

2. It is reiterated that the instruction contained in Boards letter dated 17.5.78 that provisional pension will be equal to 100% pension which is otherwise admissible to the railway servant still holds good.

3. Please acknowledge receipt

Sd/-
(Amitab Joshi)
Deputy Director Finance(Estt),
Railway Board.

Source:http://www.airfindia.com/Orders%202014/Grant-of-provisional_RBE%20127.2014.pdf
Continue Reading »

Thursday, November 20, 2014

PRESS RELEASE OF THE EVE OF 90 th ANNUAL CONVENTION OF ALL INDIA RAILWAYMEN FEDERATION

A.I.R.F
All India Railwaymen Federation
PRESS RELEASE
HUBLI  , 18th Nov, 2014

On the eve of 90th Annual Convention of All India Railwaymen Federation, Shri, Shiva Gopal Mishra, General  Secretary, AIRF addressing the press conference informed that 90th Annual Convention of AIRF is being  organized at Hubli from 18th to 20th November, 2014, where approximately more than 30,000 Railwaymen will take  part.

While addressing the press conference on date Comrade Shiva Gopal Mishra, General Secretary, mentioned that  Government of India have constituted a “High Power Railway Re-structuring Committee” under the  Chairmanship of Shri Bibek Debroy to study all the aspects regarding functioning of Railway Board & Railway  systems and submit their report for Restructuring of the Railway system which is in existence from it’s inception which clearly indicates that Indian Railway future is at stake.

Shri Mishra also said that the Government of India and Railway Ministry have approved 100% FDI and PPP in the Railway system which will definitely hamper the functioning and operation of the Railway network, as a result of which in due course of time, the Railway users have to face a great inconvenience. The role of the capitalist in the  Railway will damage the goodwill because they will work for their profit and not for Railwaymen and public at  large.

Shri Mishra also stressed that the Government of India is reluctant to consider the long pending legitimate  demands of Railwaymen as regards the Merger of DA in Pay, Interim relief, scrapping of New Pension Scheme  and on other side various amendments in labour laws are being enforced just to crush the labour/workmen. The  All India Railwaymen Federation & JCM (staff side) have tried at the level best to settle the all demands of  Railwaymen and other Central Government employees amicably but the Government of India adamant to accede  the genuine demand of the Railwaymen and other Government employees, leaving no option left with us, except  to go on Countrywide Indefinite Strike for which the responsibility will lies on the Government.

He told that All India Railwaymen’s Federation will still try a peaceful redressel to our problems but if Central  Government & Railway Ministry could not resolve the long pending issues and will move on the path of  privatization of Indian Railways, we will be forced for precipitative action along with all the stake holders which  covers other Unions/Associations and user organizations.

He also told that this grand Convention is being hosted by the our affiliates Union South Western Railway  Mazdoor Union under the leadership of Comrade A.M.D. Cruze & their other fellow comrades.

Source: http://www.airfindia.com/AIRF%202014/Hubli.pdf
Continue Reading »

Procedure for grant of permission to the pensioners for commercial employment after retirement-DOPT

No. 27012/3/2014-Estt (A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)

North Block, New Delhi the 19th November, 2014

OFFICE MEMORANDUM

Subject: Procedure for grant of permission to the pensioners for commercial employment after retirement — revision of Form 25.

The undersigned is directed to refer to Rule 10 of CCS (Pension) Rules, 1972 and to say that retired Government servants proposing to take up commercial employment within a year of retirement are required to seek permission from the Government. They are required to apply for permission in Form 25 of CCS(Pension) Rules. Form 25 prescribed under the said rule has since been reviewed with a view to simplify the procedure. The revised Form 25 is enclosed.

2. The revised form incorporates the conditions prescribed in clauses (b) to (f) of sub-Rule 3 of Rule 10. There is now no requirement for obtaining an affidavit as prescribed in Para 2(d) of this Department’s OM No. 270121512000-Estt.(A) dated 5th December, 2006.

3. All Ministries/Departments are requested to bring this to the notice of all concerned.

4. Formal Notification of Rules will follow.

(G. Jayanthi)
Director

Source: http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/27012_3_2014-Estt.A-19112014.pdf
Continue Reading »

National Defence Academy and Naval Academy Examination (1), 2014 declaration of final results

The following is list, in order of merit of 342 candidates, who have qualified on the basis of the results of the Written Examination held by the Union Public Service Commission in April, 2014 and the subsequent Interviews held by the Services Selection Board, of the Ministry of Defence for admission to the Army, Navy and Air Force wings of National Defence Academy for the 133rd Course and Naval Academy for the 95th Indian Naval Academy Course (INAC) commencing from January 2015. For detailed information regarding the date of commencement of the above courses, please visit the websites of Ministry of Defence i.e., www. joinindianarmy.nic.in or indianarmy.gov.in.

The results of Medical Examination have not been taken into account in preparing these lists.

The candidature of all the candidates is provisional, subject to their submitting the requisite certificates in support of date of birth and educational qualifications etc. claimed by them directly to the Additional Directorate General of Recruiting, Adjutant General’s Branch, Integrated Headquarters, Ministry of Defence (Army), West Block No.III, Wing–I, R.K Puram, NEW Delhi -110066 wherever this has not already been done and NOT to UPSC.

In case, there is any change of address, the candidates are advised to promptly intimate directly to the Army Headquarter at the address given above.

The result is also available on the UPSC website at http://www.upsc.gov.in. However, marks of the candidates will be available on the website after 15 days from the date of declaration of final results.

For any further information, the candidates may contact Facilitation Counter near Gate ‘C’ of the Commission, either in person or on telephone Nos. 011-23385271/011-23381125/011-23098543 between 10:00 hours to 17:00 hours on any working day.

Click here for full list
Source:pib



Continue Reading »

Wednesday, November 19, 2014

Procedure for grant of permission to the pensioners for commercial employment after retirement-DOPT

No. 27012/3/2014-Estt (A)
Government of India
Ministry of Personnel, Public Grievances and Pensions
(Department of Personnel and Training)

North Block, New Delhi the 19th November, 2014

OFFICE MEMORANDUM

Subject: Procedure for grant of permission to the pensioners for commercial employment after retirement — revision of Form 25.

The undersigned is directed to refer to Rule 10 of CCS (Pension) Rules, 1972 and to say that retired Government servants proposing to take up commercial employment within a year of retirement are required to seek permission from the Government. They are required to apply for permission in Form 25 of CCS(Pension) Rules. Form 25 prescribed under the said rule has since been reviewed with a view to simplify the procedure. The revised Form 25 is enclosed.

2. The revised form incorporates the conditions prescribed in clauses (b) to (f) of sub-Rule 3 of Rule 10. There is now no requirement for obtaining an affidavit as prescribed in Para 2(d) of this Departments’ 0M No. 27012/5/2000-Estt.(A) dated 5th December, 2006.

3. All Ministries/Departments are requested to bring this to the notice of all concerned.

4. Formal Notification of Rules will follow.

Sd/-
(G. Jayanthi)
Director

Source:http://ccis.nic.in/WriteReadData/CircularPortal/D2/D02est/27012_3_2014-Estt.A-19112014.pdf
Continue Reading »

Number of Subscribers Registered Under National Pension System (NPS) -PIB

Number of Subscribers Registered Under National Pension Systemnps (NPS) has more than Doubled
Since April 2012 from about 11.5 Lakh to 23 Lakh:Chairman,Pfrda ; Number of States Joining NPS has Increased from 12 to 26 ; Pfrda Working Towards Notification of Various Regulations in Respect of Efficient Management of Funds, Seamless Grievance Handling and Systems for Risk Mitigation and Containment Among Others

Shri Hemant Contractor, Chairman, Pension Fund Regulatory Development Authority (PFRDA) said that the number of subscribers registered under National Pension System (NPS) has more than doubled since April 2012 from about 11.5 Lakh to 23 Lakh. He commended the substantial improvement in performance of State Governments since April 2012.. He said that the Asset Under Management has also increased 7 fold from Rs.3,300 crores to approximately Rs.24,000 crores while the average contribution upload per month has increased from Rs.180 crores to approximately Rs.900 crores. Shri Contractor was speaking at a Conference on Implementation of National Pension System (NPS) by State Governments organized here today by Pension Fund Regulatory Development Authority (PFRDA). The main objective of the Conference was to focus on progress of performance of the State Governments and also to discuss the implications of the passage and notification of the PFRDA Act for respective States who are offering NPS to their respective employees.

Shri Contractor, Chairman, PFRDA informed, that barring the two States, all the other State Governments, have notified joining NPS. Since the last such conference held in April 2012, the number of States joining NPS has increased from 12 to 26, he added. He said that PFRDA was in talks with the other two State Governments on their joining NPS.

Shri Contractor, Chairman, PFRDA, further said that with the passage and notification of the Act, PFRDA has been conferred with a statutory status. Its mandate covers development of the pension sector as also framing regulations for the advancement of the NPS and protection of the interest of the subscribers. He informed the participants that regulations under the Act are expected to be notified within the next two months. The Chairman added that steps have been taken for communicating more frequently with the subscribers to increase awareness levels about NPS. He directed the State Government officials to regularly visit the PFRDA website for updates on various policies and information. Shri Contractor added that there were various points of concerns which have to be dealt with proactively to protect the interest of the subscribers. He added that this conference and more in the coming years would act as a platform for discussion with PFRDA and interactions with other states to share their best practices.

Earlier speaking on the occasion, Dr. Anup Wadhawan, Joint Secretary, Department of Financial Services, Ministry of Finance emphasised upon the fact that NPS of the Central and the State Governments forms the backbone of the NPS as it is a direct replacement of the erstwhile DB pension system. Hence, its proper implementation is very important for the NPS product as well as the sector, he added. Dr. Wadhawan further stressed upon the fact that the State Government Nodal offices need to keep the information in respect of their employees like email ids, mobile numbers and addresses etc. updated in all respects at regular intervals. Dr. Wadhawan further asked the State Governments to sort-out the issue of legacy contributions and inclusion of State Autonomous Bodies in an expeditious manner. He further called upon the State Governments to further the cause of the Government of India promoted NPS Swavalamban scheme for economically weaker sections of the unorganised sector, through their respective Rural Development Departments.

Shri R V Verma, Member (Finance) laid emphasis on the fact that despite NPS being voluntary in nature; most of the State Governments have proactively adopted it. He further dwelt on the fact that the paradigm shift from the Defined Benefit to the Defined Contribution has put the subscriber’s interest at the centre and the involvement of the subscriber’s right from the entry into the system up to his/her exit becomes prominent. He mentioned that the involvement of the State Government Nodal offices, as the first point of interaction of the subscriber attains importance. He added that with the passage of the Act, PFRDA is working towards notification of various regulations in respect of the efficient management of funds, seamless grievance handling and systems for risk mitigation and containment. Shri Verma emphasised that various issues like expanding coverage, adequately safeguarding the interest of the subscriber and robust risk management system is of paramount important for protecting the interest of subscribers. He said that synchronization of information and funds is very important in NPS; hence Nodal offices have to lay emphasis on the same. He stated that it is the collective endeavour of the Regulator and the stakeholders involved i.e. State Governments, State Autonomous Bodies (SAB) and their Nodal offices, that a two way feedback process has to be in place to innovate upon the operational aspects of the NPS.

Though it is mandatory to register under National Pension System (NPS) for the joinees/employees of the Central Government who have joined or are joining it on or after 01-01-2004, yet most of the State Governments have adopted NPS voluntarily for their employees from their respective adoption dates. Currently, NPS has 76 Lakh subscribers with total Asset Under Management (AUM) of Rs.68,000 crores. Out of this, State Government sector has approx. 23 Lakh subscribers with AUM of Rs.30,000 crores.

Source:pib
Continue Reading »